M&A Deal Summary

HSB Solomon Associates Acquires Ensys Energy & Systems - World Oil Refining Logistics and Demand Model and Databases

On July 21, 2020, HSB Solomon Associates acquired oil/gas exploration company Ensys Energy & Systems - World Oil Refining Logistics and Demand Model and Databases from Ensys Energy & Systems

Acquisition Highlights
  • This is HSB Solomon Associates’ 1st transaction in the Oil/Gas Exploration sector.
  • This is HSB Solomon Associates’ 1st transaction in the United States.
  • This is HSB Solomon Associates’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2020-07-21
Target Ensys Energy & Systems - World Oil Refining Logistics and Demand Model and Databases
Sector Oil/Gas Exploration
Buyer(s) HSB Solomon Associates
Sellers(s) Ensys Energy & Systems
Deal Type Divestiture

Target

Ensys Energy & Systems - World Oil Refining Logistics and Demand Model and Databases

Lexington, Massachusetts, United States
Ensys Energy & Systems's World Oil Refining Logistics and Demand (WORLD) Model and Databases have served the downstream petroleum industry for the last 40 years, covering crude and non-crudes supply, refining, crude and product logistics, and trade and oil markets, generating highly quantitative strategic assessments and outlooks. These analyses focus on capacity, operations, technology, economics, markets, logistics, and regulatory factors.

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Buyer(S) 1

Buyer

HSB Solomon Associates

Dallas, Texas, United States
Category Company
Founded 1980
Sector Business Services
DESCRIPTION

HSB Solomon Associates is a performance improvement company and trusted advisor serving clients across the energy value chain achieve operational excellence by increasing efficiency, reliability, insight, and profitability. Solomon’s proprietary analytics uniquely transform data into insights for making better business decisions. Combined with its deep knowledge of energy industry best practices and industry experts, Solomon helps clients improve operational performance and maximize margins. HSB Solomon Associates was formed in 1980 and is based in Dallas, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

SELLER

Ensys Energy & Systems

Lexington, Massachusetts, United States
Category Company
Founded 1980
Sector Oil/Gas Exploration
DESCRIPTION

Ensys Energy & Systems is a specialized consulting firm focused on the Global Downstream oil industry. The company's work has been centered on the refining sector, and how that sector interacts with and is impacted by developments across the industry. Its primary mission has been to provide insights and inform policy, regulatory and strategic decisions by delivering accurate quantitative analyses and modeling for refiners, marketers, crude oil producers, financial analysts, government agencies, industry institutions, and other petroleum industry stakeholders. Ensys Energy was formed in 1980 and is based in Lexington, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Mergr

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